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Silver was up in Asia and gold rose for the sixth consecutive day as investors became more interested in precious metals as an alternative to the weakening dollar. "The dollar's descent is likely to continue and that will help boost bullion's appeal," said Tao Jinfeng, a gold analyst at Jiangsu Donghua Futures Corp.

Related Summaries

Old Mutual Global Investors plans to roll out a fund with exposure to gold and silver. The Old Mutual Gold and Silver Fund will invest indirectly in gold and silver bullion and the equities and equity-related securities of companies that mine precious metals.

ETF Securities in London is making its first move into the U.S. market with a silver bullion exchange-traded fund. In common with other similar ETFs trading in the U.S., the fund will hold silver bullion as its only asset.

The Shanghai Stock Exchange is expected to increase efficiency by updating its rules on trading suspensions. Frequent and lengthy suspensions are the root problems in the SSE's trading rules, according to a report by Hong Kong's Taifook Securities and the SSE.

Economists expect Thailand's central bank to keep its key interest rate unchanged on Wednesday. Thailand's inflation is accelerating but policymakers are waiting to measure the strength of a recovery in consumer spending after a December election.

Hans Redeker, a leading forecaster with BNP Paribas, says the Australian dollar is heading into two years of declines as inflation around the world forces a shift in global money flows. By the end of 2009, the Australian dollar could fall to about 66 U.S. cents, Redeker said.